SAIL held an auction for 3,000 t of basic grade pig iron on 16 Aug’21 from its Rourkela Steel Plant (RSP) in Odisha. Buyers booked the entire quantity of 30 units at INR 38,200/t exw, sources informed SteelMint. Bid prices increased by INR 300/t ($4/t) compared with the previous auction on 9 Aug’21, which had concluded at a weighted average price of INR 37,900/t exw.
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